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Reconcile the following bank statement Ending Balance 159.75 Outstanding Deposits 175.46 Outstanding Checks 231.69?
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∙ 13y ago
103.52
Wiki User
∙ 13y ago
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What are the steps necessary to reconcile a bank statement?
ending balance + outstanding deposits - outstanding check = balance
What is used to reconcile a bank statement?
Ending Balance: $676.23 Outstanding Deposits: $356.71 Outstanding Checks: $321.15 711.79
Reconcile this bank statementEnding Balance 676.23Outstanding Deposits 356.71 Outstanding Checks 321.15?
711.79
If you have an ending balance on the bank statement of 569.72 outstanding deposits of 25.50 and no outstanding checks what balance should show in your checkbook?
You have 595.22 in your account.
What is a bank cut off statement?
Cut off statement is the statement of transactions occurred for the 7 to 14 consequent days from the closing date of financial statement like Dec 31 provided by banks. This is useful to check the accuracy of checks outstanding and deposits in transit in accounting.
What are the steps necessary to reconcile a bank statement?
ending balance + outstanding deposits - outstanding check = balance
What is used to reconcile a bank statement?
Ending Balance: $676.23 Outstanding Deposits: $356.71 Outstanding Checks: $321.15 711.79
What are the disadvantages of bank reconciliation statement?
The main disadvantage of a bank reconciliation statement is that you need to be able to do basic math to reconcile your account to the statement. First, you add up all the outstanding checks. Next you add the ending balance on the statement to any outstanding deposits. You then subtract the outstanding checks from the total of the balance and the outstanding deposits. A smaller disadvantage is that it takes time and effort to reconcile your account and your statement.
Reconcile this bank statementEnding Balance 676.23Outstanding Deposits 356.71 Outstanding Checks 321.15?
711.79
Should the checkbook balance be if you have outstanding checks that total 234.56 an ending balance of 508.50 and outstanding deposits of 57.50?
You can reconcile this bank statement by figuring out what each number means. The ending balance of 159.75 is what you currently have. The outstanding deposit of 175.46 is the amount you deposited. The Outstanding checks of 231.69 is the amount you made out in checks.
If you have an ending balance on the bank statement of 569.72 outstanding deposits of 25.50 and no outstanding checks what balance should show in your checkbook?
You have 595.22 in your account.
Kasey has the following outstanding deposits 5-23-07 for 125.34 5-24-07 for 55.65 and 5-25-07 for 63.72 What is the total amount of outstanding deposits?
244.71
What is a bank cut off statement?
Cut off statement is the statement of transactions occurred for the 7 to 14 consequent days from the closing date of financial statement like Dec 31 provided by banks. This is useful to check the accuracy of checks outstanding and deposits in transit in accounting.
Kenneth is having a terrible time balancing his checkbook He had outstanding checks that totaled 323.14 an ending balance of 232.54 and outstanding deposits of 125.98 His checkbook register bal?
Outstanding Checks = $323.14 Current Bank Balance = $232.54 Outstanding Deposits = $125.98 Final Balance = Current balance + Outstanding deposits - outstanding checks = 232.54 + 125.95 - 323.14 = 35.35 The final balance on Kenneth's account will be $35.35
Reconcile this bank statement.Ending Balance: $676.23Outstanding Deposits: $356.71Outstanding Checks: $321.15?
711.79
Sherry had an ending balance of 125.36 outstanding deposits of 153.53 and outstanding checks of 100.19. What was her checkbook balance?
178.70
Sherry had an ending balance of 125.36 outstanding deposits of 153.53 and outstanding checks of 100.19 What was her checkbook balance?
178.70
